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Showing 21 - 30 of 43 results for "Credit Insurance"

ASIC moves to ban direct life cold calling

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
ASIC moved to ban the unsolicited telephone sales of life and consumer credit insurance. Consultation is open for ASIC's proposal to ban the sale of direct life and consumer credit insurance by unsolicited phone calls, in a move the corporate regulator ...

OnePath receives first Life Code sanction

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2019
... to offer at least one non-financed payment option - such as monthly direct debit - where it offers a consumer credit insurance Life Insurance Policy as an add-on to a loan with the option of paying the premium through the loan. OnePath did not offer ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
ASIC's review of the sale of consumer credit insurance has lambasted the sector for consistently failing consumers in the design and sale of products. According to ASIC report 622, CCI products are being promoted and sold to customers unfairly, and ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... misconduct within its wealth division accounts for 91% of the increased bill while the remainder relates to consumer credit insurance sales and banking matters including incorrectly charged fees on fee-exempt transactions. NAB acting chief executive ...

Freedom Insurance misses reporting deadline

KARREN VERGARA  |  FRIDAY, 1 MAR 2019
... Queensland backed out of its agreement with Freedom to sell St Andrew's Insurance, a provider of general, life and credit insurance. It was agreed at the time the reinsurance agreement will provide $35 million of funding, while the balance combines ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... The consultation will also cover several reforms to underwriting, claims and mental health; separating consumer credit Insurance from credit product sales; improving the sale of funeral insurance and banning medical disclosure checking without reasonable ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... [there won't be]," he said. Orr grilled Comyn on CBA's poor selling practices, specifically on consumer credit insurance, and home loan and personal loan protection products. Comyn said the process of remediation is still underway, with $10.5 ...

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon allege ...

Integrity Life expands senior team

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... for $21.7 million. The deal saw Integrity Life underwriting the life insurance component of QBE's consumer credit insurance suite sold via financial institutions.

Daido Life buys stake in life insurer

KARREN VERGARA  |  WEDNESDAY, 6 JUN 2018
... for $21.7 million. The deal saw Integrity Life underwriting the life insurance component of QBE's consumer credit insurance suite sold via financial institutions. Integrity Life managing director and chief executive Chris Powell at the time said ...